Bloomberg Surveillance 5/22/2026
Спикеры
Deborah Cunningham
— CEO по глобальным рынкам ликвидности, Federated Hermes
Earl Davis
— Глава отдела инструментов с фиксированной доходностью, BMO Global Asset Management
Bob McNally
— Президент и основатель, Rapidan Energy Group
Alex Altman
— Глобальный руководитель по акциям, тактические стратегии, Barclays
Brian Levitt
— Глобальный рыночный стратег, Invesco
Krishna Guha
— Vice Chair, Evercore ISI
Tiffany McGhee
— CEO & CIO, Pivotal Advisors
Bloomberg Surveillance covers a sustained market rally, AI IPO frenzy, and the energy crisis stemming from the Strait of Hormuz closure. Kevin Warsh is sworn in as Fed Chair amid a divided committee and rising inflation. Analysts highlight opportunities in front-end Treasuries, 10-year bonds, oil, and equal-weight S&P.
- S&P 500 on track for eighth consecutive weekly gain.
- Iran-U.S. negotiations stall over uranium and Strait of Hormuz tolls.
- SpaceX, OpenAI, and Anthropic race to public markets.
- Kevin Warsh sworn in as Fed Chair amid divided committee.
- Oil prices could spike if Strait closure continues.
- Consumer sentiment drops to multi-decade lows.
- Front-end Treasury yields seen as attractive.
- Quantum computing gets government backing.
Идеи
Oil prices to jump if Hormuz stays closed.
The Strait of Hormuz closure is depleting global oil inventories. If the closure continues through July, oil prices will jump to $100+ Brent, possibly catalyzing an economic downturn. The risk of military escalation is high, and without a framework deal, prices could spike further.
Buy short-term Treasuries for yield and safety.
The front end of the yield curve offers attractive yields in the high 3% range with low risk. The Fed is likely to remain on hold, making short-term rate products like money market funds a good value. We have rearranged our positioning to favor short-rate products over longer maturities.
Equal-weight S&P to benefit from rotation.
The U.S. equity market is overly concentrated in AI/momentum names with stretched metrics. A rotation, possibly triggered by an Iran resolution or oil price drop, would benefit the other 493 S&P stocks. The equal-weighted S&P 500 provides a way to diversify away from the narrow leadership and capture that rotation.
Earl Davis
Глава отдела инструментов с фиксированной доходностью, BMO Global Asset Management
139:46
Buy 10-year Treasuries above 4.50%.
10-year Treasury yields above 4.50% provide an attractive entry point for adding duration. The range of 3.90-4.80 has held, and we are buying on pullbacks. Tax refund season ending will slow growth, and a potential Iran resolution could cause a short-lived relief rally. Yield income and quality are key reasons to own bonds at these levels.
Далее
This Bloomberg Markets video, published May 22, 2026, features Bob McNally, Deborah Cunningham, Alex Altman, Earl Davis discussing WTI, Short-term U.S. Treasuries, RSP, 10-year U.S. Treasuries. 4 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Bob McNally, Deborah Cunningham, Alex Altman, Earl Davis · Tickers: WTI, Short-term U.S. Treasuries, RSP, 10-year U.S. Treasuries